Expert Tenant Broker "No Fee"
We represent you, not the landlord

Rent/Lease Office 232 Madison Ave

$ / SF SF Monthly Rent
$ 60
3,300
$ 16,637
$ 41
12,000
$ 41,000
$ / SF SF Monthly Rent
Negotiable
2,300
Negotiable
Negotiable
4,100
Negotiable
Negotiable
13,000
Negotiable

Nearby Sublease office Spaces for Rent

Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Fifth Ave & East 36th Street $ 39
2,000
$ 6,500
Address $ / SF SF Monthly Rent
E 34th St & Fifth Avenue $ 29
21,800
$ 52,683
Address $ / SF SF Monthly Rent
E 37th St & Fifth Avenue $ 43
5,100
$ 18,275
Park Ave S & East 31st Street $ 52
4,800
$ 21,000
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Fifth Ave & East 36th Street $ 39
5,900
$ 19,175
Address $ / SF SF Monthly Rent
Type of Space Class A/month Class B/month Class C/month
Windowed office/person $ 2100 $ 1365 $ 775
Interior office/person $ 1350 $ 865 $ 525
Team Rooms $ 10100 $ 8115 $ 5025
Suites $ 20100 $ 12115 $ 7025

Nearby office Spaces for Rent

Address $ / SF SF Monthly Rent
Lexington Ave & East 31st Street $ 59
11,800
$ 58,016
Address $ / SF SF Monthly Rent
Park Ave S & East 31st Street $ 64
3,000
$ 16,000
Fifth Ave & East 36th Street $ 32
4,400
$ 11,916
Park Ave & East 34th Street $ 75
4,000
$ 25,000
Address $ / SF SF Monthly Rent
Fifth Ave & East 36th Street $ 52
2,400
$ 10,400
Address $ / SF SF Monthly Rent
Madison Ave & East 33rd Street $ 59
8,400
$ 41,300
E 38th St & Fifth Avenue $ 35
7,400
$ 21,583
Fifth Ave & East 37th Street $ 50
11,000
$ 45,833
Lexington Ave & East 33rd Street $ 46
8,300
$ 31,816
Fifth Ave & East 32nd Street $ 51
8,000
$ 34,000
Fifth Ave & East 36th Street $ 42
7,800
$ 27,300
Madison Ave & East 31st Street $ 53
15,000
$ 66,250
Park Ave S & East 31st Street $ 49
7,600
$ 31,033
Address $ / SF SF Monthly Rent
Madison Ave & East 33rd Street $ 78
4,600
$ 29,900
E 38th St & Fifth Avenue $ 37
5,200
$ 16,033
Madison Ave & East 34th Street $ 54
4,200
$ 18,900
Madison Ave & East 37th Street $ 40
5,900
$ 19,912
Madison Ave & East 31st Street $ 62
5,000
$ 25,833
Madison Ave & East 35th Street $ 42
2,600
$ 9,100
Fifth Ave & East 32nd Street $ 59
4,000
$ 19,666
Lexington Ave & East 33rd Street $ 47
3,100
$ 12,141
Fifth Ave & East 36th Street $ 43
2,800
$ 10,033
Address $ / SF SF Monthly Rent
Madison Ave & East 33rd Street $ 79
2,200
$ 14,483
Madison Ave & East 35th Street $ 42
1,800
$ 6,375
Fifth Ave & East 36th Street $ 38
1,800
$ 5,700
Address $ / SF SF Monthly Rent
E 31st St & Madison Avenue $ 45
7,300
$ 27,375
E 33rd St & Madison Avenue $ 47
8,200
$ 32,116
Address $ / SF SF Monthly Rent
E 38th St & Fifth Avenue $ 36
5,400
$ 16,425
E 33rd St & Fifth Avenue $ 58
3,000
$ 14,375
E 31st St & Madison Avenue $ 44
4,400
$ 16,133
Fifth Ave & East 36th Street $ 41
2,800
$ 9,566
E 32nd St & Between East 32nd Street $ 50
5,500
$ 22,916
E 33rd St & Madison Avenue $ 49
4,100
$ 16,741
Address $ / SF SF Monthly Rent
E 31st St & Madison Avenue $ 48
2,000
$ 8,000

Retail Spaces for Rent at 232 Madison Ave

Rent Retail 232 Madison Ave

$ / SF SF Monthly Rent
Negotiable
2,600
Negotiable

Rent Medical Space at 232 Madison Ave

Tenant Broker’s Perspective: Return-to-office mandates are driving up rental prices at 232 Madison Avenue. This trend is projected to continue. Opportunities for subleases remain available at 232 Madison Avenue and in the nearby Murray Hill neighborhood.
Find My Space!
232 Madison Avenue nyc
Thank you! we will be in touch.

Before you go please fill:



Search all rental options at 232 Madison Ave

232 Madison Avenue Property Overview

Building Address: 232 Madison Ave, New York NY 10016
Building Alternate Address: 232 Madison Ave
Zip Code:10016
Neighborhood:Murray Hill
Borough:Manhattan
Stories:16
Year Built:1925
Building Class:B
Block & lot:00867-0015

History of 232 Madison Avenue, Manhattan, NYC

232 Madison Avenue is a 16-story Neo-Gothic office building completed in 1925, designed by the architectural firm Polhemus & Coffin. It stands at the northwest corner of Madison Avenue and East 37th Street in the Midtown Manhattan neighborhood.

The site was formerly the location of a four-story brick residence owned by Helen Hartley Jenkins, daughter of multi-millionaire Marcellus Hartley. As the Murray Hill area transitioned from a high-end residential district to a busy commercial hub in the early 1920s, the mansion was demolished to make way for the new building. Construction began after Helen Jenkins leased the property to real estate operators Arthur Greenbaum and Nathan Wilson in 1924, with the building completed by early 1926.

The building was originally intended to house firms related to the silk industry, reflecting the neighborhood's role as a silk industry center. However, by the early 1930s, the shift away from silk was evident as advertising and publishing companies became the primary tenants. Notable early tenants included Edwin Alendelson Advertising and Farrar & Rinehart publishers.

Architecturally, 232 Madison Avenue represents a successful blend of Gothic and Art Deco styles. The facade features a two-story stone base with large show windows separated by faceted engaged columns topped with medieval capitals, creating the visual effect of pointed Gothic arches. Above the base, cream-colored brick and angled piers emphasize verticality, with Art Deco buttresses and Gothic motifs such as quatrefoils and heraldic shields adding distinctive character.

The building's facade has remained largely intact since its completion, including the original ground floor storefront entrances and architectural detailing. Interior modernizations have been undertaken over time, notably a renovation in 2009 that carefully preserved the unusual Deco-Gothic blend while updating windows, elevators, and hallways. The facade underwent a full restoration in 2015 to maintain its historic appearance.

Over the decades, the tenant mix evolved from silk companies to publishing, advertising, and diverse commercial uses. By the mid-20th century, it housed mostly publishing and advertising offices, with the ground floor used for various retail and service purposes, including a reading room for the First Church of Christ, Scientist. Today, it remains a prominent office building with notable views of the Empire State Building and Madison Avenue.

232 Madison Avenue

Also known as 15 East 37th Street
Midtown South, New York, NY 10016
  • Built: 1925
  • Floors: 16
  • Square Footage: 130,000 SF
  • Architecture: NeoGothic design by Polhemus & Coffin
  • Features: Buttresses, gargoyles, quatrefoils, Empire State Building views
  • Renovation: Modernized in 2009 with upgraded elevators/windows
  • Transport: Near 4/5/6/B/D/F/M trains
  • Access: 24/7 secure entry
  • Neighborhood: Between Madison & Fifth Avenues

Historic silk industry hub transformed into modern workspace with 4,000-9,000 SF floor plates.


232 Madison Avenue offers a range of amenities, including:

  • Modern Elevators: Enhanced comfort and efficiency.
  • Fresh Windows: Providing ample natural light and views.
  • 24/7 Access: Security and flexibility for all occupants.
  • Power Views: Stunning perspectives of NYC landmarks, including the Empire State Building.
  • On-site Property Management: Professional service to address building needs.
  • Attended Lobby: Enhanced security and service.
  • Wood Floors and Spacious Lobby: Elegant interior design features.
  • Outstanding Public Transport: Convenient access to multiple subway lines and Grand Central Station.

232 Madison Avenue, Manhattan, NYC Office Tenants

The building at 232 Madison Avenue in Manhattan's Murray Hill area is home to a diverse group of tenants, including:

  • Russian Standard Vodka
  • InfoPro Digital USA
  • Premier Technology Solutions
  • Princeton International Properties
  • Mohr Partners
  • The First National Bank of Long Island
  • Maple Press

This historic site was initially a hub for the silk industry and later evolved into a creative office space, blending architectural charm with modern functionality.


Internet providers available at 232 Madison Avenue include:

  • Verizon Fios: Offers high-speed fiber internet with speeds up to 2 Gbps, reliable service, and competitive pricing.
  • Lightower: Provides fiber internet with speeds up to 10 Gbps for both download and upload.
  • Level 3 Communications: Offers fiber internet with symmetrical speeds of up to 10 Gbps.
  • Cablevision/Lightpath: Delivers fiber internet with speeds of up to 10 Gbps for both download and upload.

232 Madison Avenue, Manhattan, NYC

Location & Cross Streets

232 Madison Avenue is located in the Murray Hill neighborhood of Manhattan, near the intersection of Madison Avenue and East 40th Street.

Nearby Cross Streets

  • Madison Avenue & East 33rd Street
  • Madison Avenue & East 38th Street
  • Madison Avenue & East 39th Street
  • Madison Avenue & East 40th Street
  • Madison Avenue & East 41st Street
  • East 42nd Street & Madison Avenue
  • 5th Avenue & East 40th Street

Transportation Options

Convenient access to multiple subway lines is available within walking distance:

  • Subway Lines: B, D, F, M (Herald Square - ~8 minutes walk)
  • Subway Lines: 4, 5, 6, 7 (Grand Central Station - ~5 minutes walk)

Additional subway lines within proximity include the N, R, S, and 6X lines near Madison Avenue and 42nd Street.

Grand Central Terminal provides access to:

  • Metro-North Railroad
  • Amtrak

Bus Services Near 232 Madison Avenue

  • BM2, BM5, BXM4
  • M15-SBS, M42, M55
  • Q32, QM40

Nearby Bus Stops

  • Madison Av/E 40 St (1 min walk)
  • Madison Av/E 39 St (2 min walk)
  • Madison Av/E 42 St (2 min walk)
  • East 42nd St & Madison Ave (2 min walk)

Double Agent Testimonial

Double Agent testimonial
🤝
Tenant Representation: Optimal Spaces acts exclusively as a "Tenant Broker," only representing tenants, never landlords.
⚖️
Unbiased Service: Avoiding conflicts of interest, they provide impartial service, showing a wider range of properties and negotiating the best price.
🗂️
Comprehensive Process: Agents guide clients end-to-end, offering market surveys, floor plans, pricing expectations, and industry contacts.
🐷
Cost Savings: They negotiate rental price and identify/abate "hidden costs."

Why Optimal Spaces –
Tenant Broker

  • No fee for clients renting space.
  • We work for YOU, not the landlord.
  • Save 15–20% on your business costs.
  • Save 100–200 hours of research.
  • Access to all available spaces.
  • Specialized real estate expertise.

Alone or with other broker

  • Miss deals and hard-to-find spaces.
  • Potential conflict of interest (often represent landlords).
  • Only 10% of available spaces are online.
  • Lack of specialized expertise.
  • May not get the best terms or uncover hidden costs.
Why Use a Tenant Broker: Your Advocate in Commercial Real Estate
1. The Crucial Distinction: Whose Side Are They On?
Landlord Rep (Listing Agent) — Fiduciary Duty: Landlord. Highest rent, best terms for landlord.
Tenant Rep (Tenant Broker) — Fiduciary Duty: Tenant Only. Lowest rent, best terms for tenant. Levels the playing field.
2. It Almost Always Costs You Nothing
3. Access to “Hidden” Inventory
4. Negotiating Beyond Base Rent
Landlord pays the broker fee — free expert representation for the tenant.
Access to hidden inventory: off-market listings, subleases, and future availabilities via broker databases and networks.
Negotiating beyond base rent: free rent, TI allowance, OPEX caps, and lease flexibility for renewal or expansion.
5. Time Savings & Process Management
6. Mitigating Risk (the “Gotchas”)
Tenant broker handles searching, scheduling, and RFPs — your outsourced real estate department with curated options and timeline management.
Mitigating risk: spotting pitfalls in LOI and lease such as restoration clauses and holdover penalties.
Summary: Don’t rely on the landlord’s agent. A tenant broker is your advocate, provides better data, negotiates a complete package, and typically costs you nothing.

Find My Space!